Toray lands big contract extension from Boeing
November 21, 2014
“We believe this agreement signifies the solid mutual trust Toray has been building with Boeing through the stable supply of high quality carbon fiber materials since the 1970s,” said Akihiro Nikkaku, president of Toray Industries, in a statement. “It also reflects Boeing’s recognition of our world-class technology and firm commitments to expanding composites application to aircraft.”
Toray’s plant represents the largest-ever investment made in a new production facility in South Carolina. It will be built on a 400-acre site the company purchased from Spartanburg-based Pacolet Milliken Enterprises near the intersection of highways 290 and 221 in Moore.
The company said the plant will be state-of-the-art and will create at least 500 jobs. Preparation work at the site is underway.
Nash said he expects the company will break ground on the building next year. The plant is anticipated to be up and running by spring 2017.